Hey Guys,
The market is still super volatile. After opening the day up more than 150 points yesterday, the S&P 500 proceeded to drop 200 points. This morning, it started out red by 50 points but then went up 100 points.
These are big swings. A 100-point move is typically a big deal that takes days to accomplish, but in the current market conditions, it's like a normal move that occurs over the course of a half hour.
One interesting thing about my position sizing approach is that I account for price volatility when I calculate my position size. I use the ATR indicator to do this. When prices are volatile, I buy less shares because prices are having a tendency to make bigger moves, and therefore less shares are required.
I had buy limit orders in today for DG from the watch list (both stock and option orders). My stock chart shows that the price reached my buy limit price, but my order wasn't filled. Perhaps it was an off-market order that caused the stock chart to show it reached that price, but either way, I didn't post the trade because my order didn't get filled. So even though that one shows on the Triggered List at this point, I still have the buy limit orders open since they never got filled.
If you have any questions or feedback, I'd love to hear from you.